First National Bank of Sturgeon Bay in Sturgeon Bay, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1993

First National Bank of Sturgeon Bay in Sturgeon Bay, Wisconsin (WI)
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First National Bank of Sturgeon Bay - Overview

General
FDIC Certificate #: 19738
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Associated Bank, National Association (#5296)
Federal Reserve ID: 72342
Date Established: August 01, 1967
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
FDIC's unique #: 13534
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: August 01, 1967
Last Structure Change Effective Date: January 01, 1993
Last Structure Change Process Date: January 12, 1993
Last Data Update: January 12, 1993
Data Source Date: April 05, 2012
Location
Address: 57 North Third Avenue, Sturgeon Bay, WI 54235
County: Door
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Appleton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $58.9 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$30Total assets
$58,882Cash and due from depository institutions
$4,947Interest-bearing balances
$0Securities
$11,126Federal funds sold & reverse repurchase agreements
$5,600Net loans & leases
$35,177Loan loss allowance
$392Trading account assets
$0Bank premises and fixed assets
$1,149Other real estate owned
$265Goodwill and other intangibles
$618Life insurance assets
$0All other assets
$0Total liabilities and capital
$58,882Total liabilities
$54,434Total deposits
$54,048Interest-bearing deposits
$46,364Deposits held in domestic offices
54048.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$386Total equity capital
$386Total bank equity capital
$4,448Perpetual preferred stock
$0Common stock
$835Surplus
$981Undivided profits
Memoranda
$2,632Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$20Income earned, not collected on loans
$197Earning assets
$51,903Long-term assets (5+ years)
$1,500Average Assets, year-to-date
$52,562Average Assets, quarterly
$57,035Volatile liabilities
$2,236Insider loans
$25FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,827Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,448Total risk weighted assets
$35,702Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$4,084Total interest expense
$1,843Net interest income
$2,241Provision for loan and lease losses
$175Total noninterest income
$290Fiduciary activities
$0Service charges on deposit accounts
$209Trading account gains & fees
$0Additional noninterest income
$81Total noninterest expense
$1,928Salaries and employee benefits
$884Premises and equipment expense
$390Additional noninterest expense
$654Pre-tax net operating income
$428Securities gains (losses)
$0Applicable income taxes
$131Income before extraordinary items
$297Extraordinary gains - net
$0Net income attributable to bank
$297Net charge-offs
$174Cash dividends
$165Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.70%Cost of funding earning assets
3.92%Net interest margin
4.77%Noninterest income to earning assets
0.62%Noninterest expense to earning assets
4.11%Net operating income to assets
0.57%Return on assets (ROA)
0.57%Pretax return on assets
0.81%Return on equity (ROE)
6.71%Retained earnings to average equity (YTD only)
2.98%Net charge-offs to loans
0.53%Credit loss provision to net charge-offs
100.57%Efficiency ratio
76,175Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.56%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
1960.00%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
0.06%Net loans and leases to deposits
65.08%Net loans and leases to core deposits
67.89%Equity capital to assets
7.55%Core capital (leverage) ratio
7.92%Tier 1 risk-based capital ratio
12.46%Total risk-based capital ratio
Memoranda
$14Average assets
$52,562Average earning assets
$4,425Average equity
$46,958Average loans

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